Monthly Archives: December 2014

Are bank deposits now unprotected backstops for bank trading losses? Are US stocks right and all other markets wrong? Does declining income and weak capital generation no longer matter for the economy or markets? Unprecedented circumstances require creative solutions. Best … Continue reading →

“Japan’s monetary madhouse…. amounts to a financial suicide mission….. But what is truly scary is that Japan’s policy model has been greenlighted and adopted in one form or another by governments and their central banking branches all around the world.” David Stockman … Continue reading →

Stock markets started disconnecting from the economy in the first half of 2013. This served multiple purposes. Disguising policy failure is just one. Economic impact is obvious from the chart above. Markets now reflect 2 narratives that are in … Continue reading →

This is simply information every citizen and investor needs to understand. This is a G20 worldwide policy that has already been put into place in the US. It has never been more important to understand the balance sheet of your bank. http://www.nestmann.com/its-official-the-worldwide-bail-ins-are-coming#.VJrhXecCA

US Priced For Deflation! Riding The Tiger? There was a day in October when central banks needed an urgent discussion. The S&P 500 had just fallen almost 10% in just a few days. The S&P 500 was barely positive for … Continue reading →

It is staggering what is not being covered by the media these days. Even when important news is covered it can be completely misrepresented. Remarkably the Wall Street Journal even celebrated the passage of last weekends budget bill. Here is … Continue reading →

If we measure the accelerating banking concentration, this year’s G20 clause permitting bank bail-ins, and now the rewriting of the post 2008 legislation which had seperated tax payers deposits from exposure to bank trading risk, then in what way has … Continue reading →

The Cycle Dynamics portfolio bridges a gap in investment management between the All Weather approach and trend following systems. A quick review of the All Weather and trend following methodologies reveals the distinctions. The All Weather system attempts to create … Continue reading →

Economic growth is falling across the globe even as central bank intervention continues to accelerate to unprecedented levels. Central banks seem to be failing not just economically, but also distorting markets in the process. David Stockman analyzes the Federal Reserve’s … Continue reading →

The most counterintuitive moves in gold prices over the last 2 years have coincided with Japanese economic policy announcements. Over a month ago I wrote about GYEN as a key indicator of central bank intervention, following the Bank Of Japan’s … Continue reading →